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Understanding The Forms Of Organizations

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  • "Introduction:This assignment mainly deals with understanding the forms of organizations are present inthe market, their organizational purposes, how they value their shareholders and what kind ofstrategies are applied to meet their demands. Also, a ..

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  • "Introduction:This assignment mainly deals with understanding the forms of organizations are present inthe market, their organizational purposes, how they value their shareholders and what kind ofstrategies are applied to meet their demands. Also, a part of this assignment talks about thenatural environment in which the business operates, the various types of policies that areformulated and how they are implemented. The next part deals with the determination ofprice and output in various types of market structure. This part also talks about how thebusiness and cultural environment shape the behaviour of any business. And the last parttalks about how global factors affect the national business activities. There is also seriousfocus on UK Business culture, the policies surrounding it and the recent effect of BREXIT onit.CASE STUDY 1:1.1Identify what type of organisation is Primark and discuss its purpose. In addition,identify and discuss the purpose of one organisation within the following categories;a) The public sectorb) Charityc) Cooperative We can easily make out from the given case study is that being a subsidiary of a subsidiaryof Associated British Foods. It is an international clothing retail chain. With the details givenabout the functioning of the company and how it treats its shareholders we can easily makeout that it is a clear example of a Private Limited Company. This company has limitedliability towards its shareholders. And as a company that is limited by its true nature even theshares of this company is not open to public and has not been listed in stock exchange.The basic purpose behind this company’s launch and worldwide marketing and sale was toextend the subsidiary of Associated British Foods which was in Ireland by the name ofPenny’s to outside. They are an international clothing retail chain who offers a varied rangeof products, even for a new born. The company believes in selling the clothes at low cost endof the market even below normal price ranges to capture bigger share of the market. Thebrand along with other contemporary players like Zara and H&M sets the fast fashion trendprevailing in the market. (Official Site, 2017)Now talking about a public company, it also has limited liability and it can sell it shares to thepublic which can be both listed on stock market or not. It has only one compulsory criteriathat it requires minimum of two directors. The basic purpose behind any public company is tomake the company more liquid and make the share available to more people that is even topublic. Example: Barclays PLC and Mark & Spencer.Charitable Organizations are those who are in the business with no aim to earn profit. Theywork as Non-Profit Organization. The entity can be working privately or publicly. These canbe related to religious, educational or other philanthropic activities. The legality associatedwith these organizations are depended on country of origin. The major advantage associatedwith them is that they get tax reduction every time in the country they operate and arefrom.(Davis,2017)Examples would be American Red Cross and WWF.Cooperative is a type of business organization that is owned, controlled and managed by agroup of individuals equally for their benefit. There is open membership available and there are just some non-discriminatory conditions attached to being a member. Even the benefitsthat arise out of its operations shared proportionally among the members.Examples would be U.S. Central credit unions and Universal Cooperatives.1.2 Describe the extent to which Primark meets the objectives of its differentstakeholders. We all know every kind of organization has some responsibility attached with it.Every organization is made up of joint efforts of so many people specially its stakeholders.The major responsibility of management is to manage conflicts, maintain stakeholdersinterest and satisfy their end objectives. The major responsibilities associated with a private company like Primark is first towards itsshareholders. As there is outward sale of their shares their stakeholders are mainly their ownemployees, shareholders, customers and suppliers. The company has an obligation to paythem back in form of returns. It is also their responsibility to frame all their policiesaccording to the laws and legislations of their own country. And like all other contemporaryorganization and partners the company also has its responsibility towards the society.The Corporate Social Responsibility scheme is one of the most recent addition and the mostpracticed scheme. It has its focus on being able to give back something to the society.Primark has been actively engaged in such CSR activities. (Hill,2008)1.3 Explain the responsibilities of Primark as an organisation and the strategiesemployed to meet them.In order to fulfil these responsibilities as an organization, the motive of Primark is to bestubborn about its values and beliefs and be responsible. The prime responsibility is towards "

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